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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (67646)	9/14/1999 1:35:00 AM
From: Richard Nehrboss	Read Replies (1) \| Respond to of 132070

Michael, >> -$1.6B (grants) +$0.6B (tax shield) -$1.6B (current tax benefit) for a FY98 difference of -$2.6B It seems that you are double counting, or (more likely) I'm not following your reasoning. I agree with backing out 1.6 (we can argue the grant date or issue date value, I think it's not the major factor here. I also agree with adding back the .6B. I don't follow your second deduction of 1.6B. I'm sure you've reviewed the following: microsoft.com Here they provide a pro-forma stating the exact method that we are describing (using grant date rather than vest date, I assume). It impacts the bottom line by 19%. Richard